Lot 7 - Wednesday 24th May 2023 -75 Egerton Street, Wallasey, CH45 2LS

WHY BUY?
6 Bed HMO
New 3 Year HMO License
High Yield
Sought After Location
3 Floors
Previous Planning
Tenure Freehold, Council Tax Band B
For Sale by Auction

DESCRIPTION
A great opportunity to purchase this attractive building, converted into 6 a bedroom HMO, located in a sought after road in New Brighton, just a stroll from Tower Promenade. The current owner has just renewed the HMO License to provide 3 years from February 2023. Sold with Freehold tenure the property has 5 double bedrooms and 1 single bedroom. The property is fully Let with 5 rooms at £90pppw and 1 room at £100pppw. This provides a current gross yield of £28,600. The property has previously been granted Planning for the conversion of 2 x self contained flats, providing a potential renovation opportunity for developers (subject to new Planning). Accommodation comprises: Entrance hall, kitchen, communal living/dining room, 2 x bathrooms 5 x double bedrooms, 1 x single bedroom. Outside provides a yard to the rear and on-street parking to the front.



ACCOMMODATION


Building: Communal entrance, 6 bedrooms across three floors, communal lounge/dining room, kitchen, 2 bathrooms.
Outside: Yard to the rear, on-street parking to front.

LOCATION
Egerton Street is located off the main A554 Seabank Road, within walking distance of New Brighton Seafront and close to local schools and all major local infrastructure. Wallasey Village is just 2.5 miles away and the local station is New Brighton, just 830 yards away.



AUCTION FEES

The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1500 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.